Suzlon Group, India’s largest renewable energy solutions provider, announced its half yearly (H1 FY18) results.
J P Chalasani, Group CEO, said, “Indian wind industry is in transition from FiT to competitive bidding mechanism. Indian government’s commitment to Renewable Energy remains intact and we strongly believe that the long term fundamentals of the wind industry are sound. This transition has a temporary impact on installations in FY18, due slow beginning of bidding and delay in regulatory approvals. However, we are confident that the industry is likely to regain its momentum with 6 GW+ volume expected in FY19. It will soon migrate towards a 10 GW market size. With the newly discovered tariff, Wind is competitive with respect to other sources of energy and has emerged as a mainstream energy source.
Going forward, we are well positioned to capitalize on the market opportunities with our superior technology, project execution experience spanning over two decades, new generation turbines offering higher energy yield, presence across the entire value chain, vertically integrated operations and bestin-class service capabilities.” Read More…
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